#: 1-800-345-2550 ♪ >>> you worked in the obama administration on a lot of small business issues, wrote a book about entrepreneurship. we are talking about the politics of the term small business and the economic role of small businesses and finally, whether we should actually be crafting policy around small businesses. >> when it comes to economic growth, not all small businesses are equal. the ones that created the most jobs have come into existence in the last five years, the start ups. clean technology, biotechnology. it's started by immigrants. let's have immigrant reform, investment laboratories, it's much more comprehensive how to foster start ups than cutting margin on wealthy individuals. >> the other staff we get is small businesses creating most of the jobs. when they are 99.7% of the businesses that's not surprising. it's just statistical. the places where you see more job creation is in small start-up firms. the first five years is where you get the most. there's an interesting trend happening in the economy. firm creation and start ups have declined, in a disturbing way. i
